Disposable and Discretionary Income
When it comes to getting a true grasp of your customer’s spending money, you must first understand both their disposable and discretionary income.
Need versus want in financial dataThe difference between disposable and discretionary income basically comes down to the difference between need and want. Disposable income is essentially after-tax income, whereas discretionary income is the money remaining after households pay necessities. These necessities consist of taxes, food, housing, transportation, apparel and out-of-pocket health care.
The Pitney Bowes Software Disposable and Discretionary Income database provides you with the data to understand these different types of available funds.
To gain insight into your customer’s available income with the disposable and discretionary income database, contact us today.
Disposable income figuresThe Pitney Bowes Software Disposable and Discretionary Income data subtracts tax estimates, derived in part from Statistics Canada’s Survey of Labor and Income Dynamics, to achieve disposable income estimates.
Information on discretionary incomeTo determine discretionary income, the Disposable and Discretionary Income data begins with disposable income figures and subtracts household necessity spending estimates. The estimate of household spending comes from our Canadian Expenditures, which themselves derive from linking Statistics Canada’s Survey of Household Spending with the Pitney Bowes Software segmentation data product.
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